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Oil Daily Review August 11, 2017

Oil Daily Review for August 11, 2017

Oil Prices Capped by Opening Range, U.S. Outputs Hold Near 2017 High

Crude oil prices stand at risk of giving back the rebound from the June-low ($42.08) amid the lack of momentum to test the monthly opening

 

A CEO just said on live TV that billionaire Bill Ackman reminds him ‘of a spoiled brat in school’

Carlos Rodriguez of ADP has some issues with Ackman’s activist stake in his company.

 

Oil prices down 2%, but natural-gas rallies to 3-week high

Oil fell Thursday as U.S. prices failed to hold ground above the key $50-a-barrel level despite the latest weekly decline in U.S. crude inventories. N

 

WTI Crude Oil and Natural Gas Forecast August 11, 2017

The WTI Crude Oil market initially tried to rally during the day, but found enough resistance above the $50 level on Thursday to turn around and fall signifi…

 

Have a nice trading!




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